Vistra Corp. $VST Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its holdings in shares of Vistra Corp. (NYSE:VST) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,443 shares of the company’s stock after acquiring an additional 583 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Vistra were worth $3,187,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Castle Rock Wealth Management LLC boosted its holdings in Vistra by 167.9% in the second quarter. Castle Rock Wealth Management LLC now owns 11,002 shares of the company’s stock valued at $2,068,000 after purchasing an additional 6,896 shares in the last quarter. Shell Asset Management Co. boosted its holdings in Vistra by 45.3% in the second quarter. Shell Asset Management Co. now owns 15,160 shares of the company’s stock valued at $2,938,000 after purchasing an additional 4,728 shares in the last quarter. Tcfg Wealth Management LLC acquired a new position in Vistra in the second quarter valued at approximately $258,000. Clark & Stuart Inc acquired a new position in Vistra in the second quarter valued at approximately $200,000. Finally, SteelPeak Wealth LLC boosted its holdings in Vistra by 61.9% in the second quarter. SteelPeak Wealth LLC now owns 24,450 shares of the company’s stock valued at $4,739,000 after purchasing an additional 9,350 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $197.17 on Friday. The stock has a market capitalization of $66.80 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 3.11 and a beta of 1.33. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The stock’s 50-day moving average price is $200.48 and its 200 day moving average price is $172.51. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.62). The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. As a group, equities research analysts forecast that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a $0.226 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, September 19th. This represents a $0.90 annualized dividend and a yield of 0.5%. Vistra’s payout ratio is presently 14.35%.

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 463,350 shares of company stock worth $95,374,138. Insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VST. BMO Capital Markets upped their price target on Vistra from $229.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. Melius began coverage on Vistra in a research report on Wednesday, August 20th. They set a “buy” rating and a $295.00 target price on the stock. Melius Research upgraded Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, September 17th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $230.00 price objective (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $227.85.

Vistra Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.